We live for life’s wondrous moments…
From simple pleasures like enjoying quality time with loved ones to major milestones such as seeing your child graduate or walk down the wedding aisle, these are the moments we cherish most. You work hard to make sure your loved ones have a comfortable life, and hopefully one that includes its fair share of wondrous moments. But if you were suddenly out of the picture, would your loved ones have the same opportunities and quality of life? Life insurance helps ensure that the lifestyle you’ve worked so hard to achieve for your loved ones won’t come to a halt if something were to happen to you.
Time to review your life insurance needs
We all to hope to live a long life, but statistically some of us won’t have that opportunity. Each year, roughly 465,000 Americans will die prematurely, leaving behind loved ones who will have to manage financially in their absence.1 If you were to die prematurely, would your family be financially secure or would life become a struggle? Life insurance can help take the guesswork out of this question. It helps ensure that the hopes and dreams you have for your family won’t die when you do.
So how do you know if you have enough life insurance? A good place to start is with the Life Insurance Needs Calculator offered by the nonprofit LIFE Foundation. It can provide you with a general sense of how much insurance is right for you. Your next step should be to talk to an insurance professional in your community or your benefits manager at work for a more detailed examination of your needs.
So how do you know if you have enough life insurance? A good place to start is with the Life Insurance Needs Calculator offered by the nonprofit LIFE Foundation. It can provide you with a general sense of how much insurance is right for you. Your next step should be to talk to an insurance professional in your community or your benefits manager at work for a more detailed examination of your needs.
The Seven Wonders of Life Insurance
Many people associate life insurance with helping to meet very basic needs like paying for a funeral and other final expenses. If you plan properly, life insurance can meet these needs and so much more. Read on to learn about seven amazing things that life insurance can do for families at their time of greatest need. Life insurance can…
1. Buy time
Allows loved ones to focus on their grief by helping to pay for the funeral and other final expenses.
2. Profide a fresh start
Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.
3. Generate income
Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.
4. Offer flexibility
Gives a surviving spouse the chance to take time off from work or to switch to a job that offers a more flexible work schedule.
5. Create opportunities
Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.
6. Fund the future
Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.
7. Leave a legacy
Gives parents the chance to leave future generations with the legacy of long-term financial security.
1. Buy time
Allows loved ones to focus on their grief by helping to pay for the funeral and other final expenses.
2. Profide a fresh start
Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.
3. Generate income
Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.
4. Offer flexibility
Gives a surviving spouse the chance to take time off from work or to switch to a job that offers a more flexible work schedule.
5. Create opportunities
Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.
6. Fund the future
Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.
7. Leave a legacy
Gives parents the chance to leave future generations with the legacy of long-term financial security.
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